同益中(688722) - 同益中12月投资者关系活动记录表（二）

Group 1: Acquisition Considerations - The acquisition of ChaoMeiSi aligns with the company's strategic positioning and development path, focusing on brand, market, and technology strengths [2] - The existing technical staff of ChaoMeiSi will be retained to ensure orderly R&D and production processes post-acquisition [3] - The absence of earn-out clauses is due to the nature of the transaction involving a fund company, with risks considered in the transaction price and arrangements [3] Group 2: Market and Production Insights - The company aims to leverage its experience to address technical and market bottlenecks in ChaoMeiSi, facilitating production line iterations and expanding application fields [3][6] - The current production capacity utilization of ChaoMeiSi is at a normal industry level, with plans to enhance high-end product ratios and gradually increase capacity investment [6][7] - The company has observed stable raw material prices and is progressing towards domestic substitution [4] Group 3: Competitive Landscape and Future Outlook - The company believes that the negative impacts of policies have been largely absorbed, reducing business uncertainties [4] - With the encouragement of national policies, new entrants in the strategic emerging industries are expected to increase, but the company maintains a competitive edge due to over 20 years of industry experience and advanced technology [4][6] - The company plans to utilize ChaoMeiSi's brand and team to break market bottlenecks and enhance operational efficiency [6][8] Group 4: Financial Performance - The recovery in revenue and profit for the third quarter was driven by both export and domestic sales [7] - The company's fiber product prices have slightly decreased compared to last year due to supply-side capacity releases [7] - The export and domestic sales ratios for the company's fiber and composite materials are approximately balanced [7]